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11/10 Cubs miss in bid for Ryu

The Cubs apparently fell short in their bid for South Korean left-handed pitcher Hyun-Jin Ryu. According to reports Friday night, the winning bid was $25,737,737.33. The numbers three and seven are considered lucky in Korea, which explains the bid. The Cubs did bid aggressively, according to CBSSports.com’s Jon Heyman, but they did not win Ryu’s rights. The Dodgers and Rangers also bid for Ryu.

Ryu, 25, is believed to be ready to be inserted into a big league rotation but could begin in a team’s bullpen. Ryu’s team, the Hanwha Eagles, have four business days to determine if they will accept the highest of the sealed bids. The team they pick would then have to negotiate a contract with Ryu’s agent, Scott Boras.

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